The bloc hosts 40 percent of the world’s population and about a quarter of the global GDP, last month, South African officials said over 19 countries had expressed interest in BRICS membership.The bloc, initially named BRIC as an acronym of the member states, was formed in 2009. A year later, in 2010, the letter S was included when South Africa joined.Pretoria is set to host the annual BRICS summit in August. Ethiopia has made an official request to join the BRICS bloc of emerging economies, the Ministry of Foreign Affairs said and other countries haave also expressed interest. The BRICS is a five-member bloc comprising Brazil, Russia, India, China and South Africa. Do you think that Brics is going to be the largest global economic bloc in the coming years ?
